If real GDP falls and the nominal interest rate rises, then the equilibrium price level A. must fall. B. must rise. C. will fall if the effect of the decline in real GDP dominates. D. will fall if the effect of the increase in the nominal interest rate dominates....
How is inflation measured? Is inflation a worry, or are we in a period of stable prices? What is the relationship between money supply, price inflation, and currency exchange rates? If the nominal rate of growth of money is constant, then how ...
C. If real GDP and population grow at the same ra True or false: Nominal GDP may increase even if real GDP falls. Nominal gdp can rise as a result of a rise in what, while real gdp rises as a result of what? Which of the follo...
If real GDP goes up by 3.7 percent and the GDP deflator goes up by 1.6 percent, find the percentage change in GDP. If a country has $100 billion of real GDP today, what will its real GDP be in 50 years if it grows ...
If the rate of inflation is 5%, the prime rate of interest is 6%, and the unemployment rate is 7%, how much is the misery index?The misery index is equal to: a) Interest rates + Inflation rate b) Inflation rate + Real GDP c) Une...
the hottest events. In 1977 Fred Hirsch, an economist, argued in “The Social Limits to Growth” that, as wealth increases, a greater fraction of human desire consists of positional goods. Time spent competing goes up, ...
Time spent competing goes up, the price of such goods increases and so their share of GDP rises. This pattern may continue in an AI utopia.竞争所花费的时间增加，“地位商品”的价格上涨，因此它们在GDP中的占比也会上升。这种模式在人工智能乌托邦中可能仍将继续存在。[Paragraph 6]Mr Bostrom notes ...
Both were then able to appreciate the problems and pressures of each other’s roles far more clearly. Brown says, "I now have better understanding of what the salary controller’s work involves, and I am more aware of my colleague’s deadlines. This type of cross training is important, ...
the fact that, for an interest rate target the Fed must be accommodating money demand, then you’re done. That is, while the demand for real money balances goes down, the *growth rate* in the supply of *nominal* money balances must go up — the Fed is accommodating the nominal demand...
When the Fed raised its target range for the federal funds rate by 75 basis points in June 2022 it undertook the biggest rate hike since 1994. The 1994 increase was part of monetary policy tightening that doubled the fed funds rate to 6% in a year. Yet U.S. GDP growth sped up from...